Gambling Industry Update

This week has been a busy one for interactive gaming with Skrill being taken over, some Italian expansion and the US having it’s Wire Act reheard.

RAWA Has First Congress Hearing:
Congress held its first hearing of the Restoration of America’s Wire Act (RAWA) this week, when the House Judiciary Subcommittee on Crime, Terrorism, Homeland Security and Investigations heard testimonies from witnesses.

As expected, the majority of the witnesses were far from objective, coming out strongly against gambling in general, and online gambling in particular.

The bill was introduced by Rep Jason Chaffetz this year, and he stated in the hearing that Utah wanted no part of online gambling.

The Players Poker Alliance and other pro-gambling groups criticized the RAWA hearing, with the executive director of the group, John Pappas, saying that the hearing was “about one thing – checking the box to advance Mr Adelson’s bill.”

He added that RAWA “should die today, so members of the Committee can focus on more pressing matters and not on legislation that will deny states the ability to protect its citizens.”

Mr Green Casino Expands in Italy:
Mr Green & Co, the online gambling operator which runs the award winning Mr Green Casino, has announced that it will be expanding into the Italian gambling market.

The country’s gambling regulator, AAMS, gave the group the green light to formalize its agreement with its licensee MyBet Italia.

The two signed a deal in January, when Mr Green announced its intentions to conquer the Italian market. The news come as Mr Green & Co. announced that Per Norman will be replacing Michael Pawlo as CEO later this year.

Optimal Payments Buys Skrill Online Payment Provider:
Optimal Payments, parent company of ewallet Neteller, has committed to a EUR 1.1 billion deal that will see it acquire subsidiaries of Sentinel Topco Ltd – one of them being its rival online gambling payment solution, Skrill.

“The acquisition of Skrill will create a global tech champion in the fast growing digital payments space,” said the Chief Executive Officer of Optimal Payments, Joel Leonoff, “and we believe represents a transformational leap forward that greatly accelerates our strategic plan.”